Condensed Consolidating Financial Data (Tables)

6 Months Ended

Jun. 30, 2012

Condensed Consolidating Results of Operations

Condensed Consolidating Results of Operations

	Three months ended June 30, 2012
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,127.4	$	734.5	$	(186.3	)	$	1,675.6
Costs and expenses		23.0			1,002.1		660.5		(186.3	)		1,499.3
Operating (loss) earnings		(23.0	)		125.3		74.0		—			176.3
Other expense, net		74.7			12.1		6.3		—			93.1
Equity in the income of subsidiaries		180.9			57.2		—		(238.1	)		—
Net income (loss)	$	83.2		$	170.4	$	67.7	$	(238.1	)	$	83.2
Comprehensive income (loss)	$	40.6		$	129.2	$	66.0	$	(195.2	)	$	40.6
	Three months ended June 30, 2011
(in millions)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,016.7	$	704.5	$	(47.4	)	$	1,673.8
Costs and expenses		36.0			882.6		637.7		(47.4	)		1,508.9
Operating (loss) earnings		(36.0	)		134.1		66.8		—			164.9
Other expense, net		69.4			7.7		13.9		—			91.0
Equity in the income of subsidiaries		179.3			49.3		—		(228.6	)		—
Net income (loss)	$	73.9		$	175.7	$	52.9	$	(228.6	)	$	73.9
Comprehensive income (loss)	$	92.9		$	197.3	$	55.7	$	(253.0	)	$	92.9
	Six months ended June 30, 2012
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,068.5	$	1,439.8	$	(337.3	)	$	3,171.0
Costs and expenses		65.5			1,860.6		1,304.3		(337.3	)		2,893.1
Operating (loss) earnings		(65.5	)		207.9		135.5		—			277.9
Other expense, net		127.5			16.8		15.3		—			159.6
Equity in the income of subsidiaries		311.3			109.7		—		(421.0	)		—
Net income (loss)	$	118.3		$	300.8	$	120.2	$	(421.0	)	$	118.3
Comprehensive income (loss)	$	102.1		$	286.3	$	119.5	$	(405.8	)	$	102.1

	Six months ended June 30, 2011
(in millions)	Parent			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,850.4	$	1,387.5	$	(80.7	)	$	3,157.2
Costs and expenses		81.0			1,621.9		1,281.4		(80.7	)		2,903.6
Operating (loss) earnings		(81.0	)		228.5		106.1		—			253.6
Other expense, net		120.6			16.2		23.9		—			160.7
Equity in the income of subsidiaries		294.5			79.1		—		(373.6	)		—
Net income (loss)	$	92.9		$	291.4	$	82.2	$	(373.6	)	$	92.9
Comprehensive income (loss)	$	142.8		$	342.8	$	80.9	$	(423.7	)	$	142.8

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	As of June 30, 2012
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	165.1	$	974.4	$	2,333.1	$	—		$	3,472.6
Investment in subsidiaries		5,786.6		1,702.6		—		(7,489.2	)		—
Non-current assets		1,559.1		5,221.6		3,501.4		(6,693.9	)		3,588.2
Total assets	$	7,510.8	$	7,898.6	$	5,834.5	$	(14,183.1	)	$	7,060.8
Liabilities and stockholders’ equity
Current liabilities	$	198.8	$	586.6	$	899.6		—		$	1,685.0
Non-current liabilities		5,685.3		1,772.9		2,984.8		(6,693.9	)		3,749.1
Stockholders’ equity		1,626.7		5,539.1		1,950.1		(7,489.2	)		1,626.7
Total liabilities and stockholders’ equity	$	7,510.8	$	7,898.6	$	5,834.5	$	(14,183.1	)	$	7,060.8
	As of December 31, 2011
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	359.0	$	995.9	$	2,140.0	$	(1.4	)	$	3,493.5
Investment in subsidiaries		5,688.8		1,748.1		—		(7,436.9	)		—
Non-current assets		114.5		4,003.9		914.0		(1,409.2	)		3,623.2
Total assets	$	6,162.3	$	6,747.9	$	3,054.0	$	(8,847.5	)	$	7,116.7
Liabilities and stockholders’ equity
Current liabilities	$	260.8	$	589.0	$	614.1		(0.2	)	$	1,463.7
Non-current liabilities		3,989.5		507.0		654.9		(1,410.4	)		3,741.0
Stockholders’ equity		1,912.0		5,651.9		1,785.0		(7,436.9	)		1,912.0
Total liabilities and stockholders’ equity	$	6,162.3	$	6,747.9	$	3,054.0	$	(8,847.5	)	$	7,116.7

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

	Six months ended June 30, 2012
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(145.4	)	$	223.7		$	(58.5	)	$	19.8
Financing activities:
Net change in short-term debt		—			—			78.9			78.9
Proceeds (payments) from (to) intercompany transactions		226.4			(219.5	)		(6.9	)		—
Proceeds from issuance of long-term debt		300.0			0.5			—			300.5
Payments on long-term debt		(128.8	)		(0.2	)		(3.6	)		(132.6	)
Issuance (repurchase) of common stock, net		(433.0	)		—			—			(433.0	)
Dividends paid		(7.5	)		—			—			(7.5	)
Other		2.4			—			—			2.4
Net cash provided by (used in) financing activities		(40.5	)		(219.2	)		68.4			(191.3	)
Investing activities:
Additions to property, plant and equipment		(4.4	)		(26.8	)		(18.9	)		(50.1	)
Other		2.3			1.3			2.7			6.3
Net cash used in investing activities		(2.1	)		(25.5	)		(16.2	)		(43.8	)
Effect of exchange rate changes on cash		—			—			(2.8	)		(2.8	)
Net increase (decrease) in cash and cash equivalents		(188.0	)		(21.0	)		(9.1	)		(218.1	)
Cash and cash equivalents at beginning of period		335.4			23.8			449.1			808.3
Cash and cash equivalents at end of period	$	147.4		$	2.8		$	440.0		$	590.2
	Six months ended June 30, 2011
(in millions)	Parent			Guarantor     Subsidiaries			Non- Guarantor     Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(111.3	)	$	192.3		$	(105.7	)	$	(24.7	)
Financing activities:
Net change in short-term debt		—			—			2.7			2.7
Proceeds (payments) from (to) intercompany transactions		100.7			(136.8	)		36.1			—
Proceeds from issuance of long-term debt		1,025.0			—			—			1,025.0
Payments on long-term debt		(1,095.0	)		—			—			(1,095.0	)
Issuance (repurchase) of common stock, net		(40.0	)		—			—			(40.0	)
Dividends paid		(15.0	)		—			—			(15.0	)
Other		(9.9	)		—			—			(9.9	)
Net cash provided by (used in) financing activities		(34.2	)		(136.8	)		38.8			(132.2	)
Investing activities:
Additions to property, plant and equipment		(0.5	)		(43.6	)		(7.0	)		(51.1	)
Other		—			(9.6	)		—			(9.6	)
Net cash used in investing activities		(0.5	)		(53.2	)		(7.0	)		(60.7	)
Effect of exchange rate changes on cash		—			—			16.8			16.8
Net increase (decrease) in cash and cash equivalents		(146.0	)		2.3			(57.1	)		(200.8	)
Cash and cash equivalents at beginning of period		287.1			15.5			392.8			695.4
Cash and cash equivalents at end of period	$	141.1		$	17.8		$	335.7		$	494.6